JLL arranges $835M sale and $690M financing of JW Marriott Marco Island Beach Resort
Sculptor Diversified Real Estate Income Trust and Trinity acquire 809-room luxury beachfront property
JLL represented the seller, Barings, in the transaction. A joint venture between Sculptor Real Estate and Trinity Investments acquired the asset. JLL also worked on behalf of the borrowers to secure a five-year, floating-rate loan through Wells Fargo and JPMorgan Chase & Co., which is securitized in a stand-alone CMBS offering.
The resort sits on 26.7 acres with a quarter mile of resort-controlled beachfront along three miles of private beaches on
The property includes more than 140,000 square feet of meeting and event space. Amenities include 12 restaurants and dining venues, two championship 18-hole golf courses spanning more than 400 acres, a 24,000-square-foot spa, five outdoor swimming pools, four tennis courts, fitness and business centers and an entertainment venue.
MassMutual, through its global asset manager Barings, has owned the resort for decades. In 2018, Barings completed a
The JLL's Hotels and Hospitality team was led by
"The successful execution of this transaction across both equity and debt underscores the depth of JLL's capital markets platform and our relationships with buyers and lenders focused on high-quality hotel assets," said Davis. "Luxury beachfront resorts of this caliber remain among the most sought-after assets in the hospitality sector, particularly properties like the
JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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